2022 Cumulative List of Changes for Pre-Approved 403(b) Plans

The IRS has issued Notice 2022-8, which contains the 2022 cumulative list of changes in requirements that must be taken into account by drafters of pre-approved 403(b) retirement plan documents for the second remedial amendment cycle (Cycle 2). Section 403(b) plans may be submitted for opinion letters during the Cycle 2 on-cycle submission period, which begins May 2, 2022, and ends May 1, 2023. The IRS notes that this guidance does not extend deadlines for any interim amendments needed to comply with statutory, regulatory, or other guidance-driven changes.